The National Guarantee Fund (NGF) is the compensation fund for certain losses incurred by investors who trade in shares on ASX.
The NGF applies only in specific circumstances and does not compensate investors for trading losses including those caused by market events or by investment choices based on poor advice.
You should always take care to inform yourself and to take any advice that you require before investing.
The NGF is administered by Securities Exchanges Guarantee Corporation Limited (SEGC). Further information about the NGF (including the circumstances in which a claim may be made on the NGF) and SEGC is available at the SEGC website.
On 14 June SEGC published a notice concerning the extension of time for lodgment of claims in relation to BBY Limited (In liquidation)(Receivers and Managers Appointed). Further information and a copy of that notice is available on SEGC’s website.
Other compensation funds
Depending on the nature of a complaint, it may be a matter for ASX, the Australian Securities and Investment Commission (ASIC) or the Financial Ombudsman Service (FOS). See complaints for further information and contact details.